The CBOT opened with short covering driving SRW wheat and soyoil higher. Corn and soybeans were lower as weaker energies highlighted ethanol demand risk and liquidation trade developed in soybeans. U.S. stocks opened lower and the Dow posted a 500+ point loss before rallying in the afternoon. Crude oil futures followed a similar pattern and were up 2 percent by the close. The Export Inspections report saw shipments of corn, wheat, and soybeans all fall below trade estimates. WPI’s interpretation is that the report was bearish corn as exports missed their needed volume by 15 mbu. Wheat shipments were slightly bearish with the weekly figure below what is needed to keep pace with USDA’s forecast, but given that it is only th...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
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Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.